Risk: Cash doesn’t lose dollar value, though inflation can erode its purchasing power. Money market funds are pools of CDs, short-term bonds and other low-risk investments grouped together to diversify risk, and are typically sold by brokerage firms and mutual fund companies. Why invest: These mutual funds will pay out cash interest on a regular
Money Saving Expert Martin Lewis has spoken out about whether Premium Bonds are actually worth investing in. National Savings and Investments (NS&I) Premium Bonds allow investors to buy bonds, with a minimum of £25, and have the chance of winning money in return. With a max prize of £1 million, many use Premium Bonds accounts
Dozens of high street banks and building societies have slashed rates on savings products, in a swift response to the Bank of England’s (BoE) decision to lower the base rate earlier this month. Nearly 40 providers have either reduced their rates or withdrawn products altogether, following the BoE’s quarter-point cut to 4.5%. Despite these cuts,
An investor comparing different cash investment options. SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. If you’re starting to invest or refining your strategies, there are many options available based on your financial goals, risk tolerance and investment timeline. Common investments could range from safe, traditional savings
damircudic / Getty Images Investing your money has shown to be one of the best ways to grow your money over time. However, investing always carries inherent risks, especially if you need access to your money in the short-term. Check Out: I’m an Investor — I’m Making These Money Moves Immediately If Trump Wins Read